Recently I have noticed that the logo LED on the side of my X-Fi soundcard is only 30-40% of the normal level. At power on it is at full level for a moment or two and then dips. The front panel that is connected to the sound card also only works as a headphone passthrough, none of the button controls function and they are also dimly lit. The sound card however functions completely normally. I have checked all cables and reinstalled the drivers.
I run a 4850 crossfire set up with the 630W PSU in this review.
If there was a low voltage issue, you would have a lot more problems than the LED lights on the soundcard. Why are there lights on a soundcard anyhow? It's inside the case.
How old is the equipment. It's more likely that the LEDs are cheap and are failing. Or something is loose.